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Aluminum Premiums Outlook Update (April 26, 2022)

1. US MW PREMIUM ALERT. NEW RECORD HIGHS: MW premium reaches... cent/lb (From April 19).

2. US BILLET ALERT. LOW 30’s: High end of US spot billet upcharge softens to... c/lb (From April 18).

3. US SLAB ALERT. GROWING STRONG: North American slab imports have more than doubled (From April 19).

4. EUROPE SLAB ALERT. SLAB SPIKES: 1xxx and high Mg 5xxx slab spot upcharges spike (From April 20).

5. EUROPE PFA ALERT. HEADWINDS LINGER: PFA premiums unchanged as auto supply chain struggles (From April 21).

6. EUROPEAN BILLET ALERT. CALM BEFORE THE STORM? Q3 billet contract negotiations set to begin next week (From April 22). To read our full European Billet Market Intel and Premiums assessment, please see our specialized European Billet Intelligence Report.